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Insider Weekends: Cluster Of Gamestop Insiders Sell Shares

  • January 17, 2021

Welcome to edition 551 of Insider Weekends. Insider buying decreased last week with insiders purchasing $37.41 million of stock compared to $53.65 million in the week prior. Selling also declined with insiders selling $1.25 billion of stock last week compared to $2.32 billion in the week prior.

If you are interested, you can check out my thoughts about the current market cycle and our writeup of our best idea for 2021 at Rich Howe’s site Stock Spin-Off Investing here. Our boring idea for 2021 was inspired by the last Insider Weekends post where we discussed an insider purchase by a director of Berkshire Hathaway.

Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the total insider sales in a given week by total insider purchases that week. The adjusted ratio for last week dropped to 33.53. In other words, insiders sold almost 34 times as much stock as they purchased. The Sell/Buy ratio this week compares favorably with the prior week, when the ratio stood at 43.32.

Note: As mentioned in the first post in this series, certain industries have their preferred metrics such as same store sales for retailers, funds from operations (FFO) for REITs and revenue per available room (RevPAR) for hotels that provide a better basis for comparison than simple valuation metrics. However metrics like Price/Earnings, Price/Sales and Enterprise Value/EBITDA included below should provide a good starting point for analyzing the majority of stocks.

Notable Insider Buys:

1. Steel Partners Holdings L.P. (SPLP): $13.38

Senior Vice President Gordon A. Walker acquired 77,268 shares of this industrial conglomerate, paying $11.93 per share for a total amount of $921,889. These shares were purchased indirectly through a trust.

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